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20121231
20121231
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MSNBCW 1
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MSNBC
Dec 30, 2012 5:00pm PST
. you addressed the issue of what happens next, i saw you on rachel's show friday. your theory are it's key to how the fiscal cliff plays out. explain. >> there's a significant difference of opinion in the political ramification of what happens if we go over and it comes down debt ceiling. if we go over the fiscal cliff they have all of the leverage because we'll go into the debt ceiling and it will be just like 2011 again. they'll say we're not going to raise the debt ceiling unless you cut entitlements, barack obama will say no and terrified of consequences of national default he'll say yes. so they'll get all of the entitlement cuts with no tax increases on the table. democrats disagree. they will not, under any circumstance, no matter what republicans do, negotiate over the debt ceiling again. they'll break the habit now. if we go to the debt ceiling they'll say we're not talking about this, if you want to have a deal on entitlements, that will have to be matched one to one with tax increases, again, with tax reform. if they do that say democrats get $600 billion in tax increases
Search Results 0 to 0 of about 1